Melanie Nash
own 2 houses lost my job
New to this. I own 2 houses outright in Florida. I live in one and rent out the other. I have a property manager who takes 10% a month. I was working full time till last week then unfortunately lost my job. Question,...
Joshua Scott
Note investing tax question
Good morning all. What is taxable in note income and what is tax deductible? Trying to figure out taxes for my business and how to list it in my ledger. Thanks.
Jake Greathouse
Self directed IRA taxation for early withdrawal
Considering taking on early dispersement taxation on self directed IRA to fund trading account. This would be to generate monthly retirement property payments through covered calls monthly. What can I expect in taxes ...
Oleksandr Ivanovskiy
Cost segregation town home
Is is worth doing cost segregation study on town home? I am doing major repairs, appliances replacement. Property is about 1200Sq feet. If it is . How much would it be? What companies do you recommend.Thank you all....
Melina Victoria W.
Sitting on a home that’s paid in full but i’m not cash rich
I’m sitting on a home I inherited thats worth $609k and I’m looking for an investment property in Montgomery, Alabama. If you were me, what would your first step be? Keep in mind my income right now is only 40k a year...
Jackie Lange
Examples of Creative Transactioneering
Today I posted anarticle by Jack Miller on my blog that I thought many at BP would benefit from. You'll learn some ways to take creative real estate to the next level. Remember, every deal needs to have a purpose. ...
Chris Wildey
International Investor - Advice Please
Hello All,
Hopefully the introduction I have provided in my description has given you a little insight into my current situation.
I am an established landlord in the UK, I live in Hong Kong, and am looking to dive...
Brianna H.
Losses on Tax Return
Howdy!We recently filed our tax return and showed a pretty good profit on our rental. Our tax advisor said that he almost never sees profit on rental houses. I know you can repair the home to negate the profits, but i...
Doug Wilkes
C-corp as a real estate professional?
Can your c-corp qualify for real estate professional status? The company is owned by two S-Corps and taxed as partnership, S-Corps owned by entrepreneurs in other endeavors and can not qualify for Real Estate Profess...
Cody Brown
Why do I keep hearing 401(k)’s are garbage?
I currently work at your typical 8-5 office job. They offer 401(k)s with a match just like every other corporate job. Since being interested in REI, I’ve heard from multiple different sources that 401(k)s are not the ...